Drilling down, the key points that I see are:

1. "pending better VISIBILITY" - Algar does not have to wait for higher prices, it has to wait for confidence in future forecasting. So in other words, if futures prices dictate favorable conditions, and future prices might be able to be conservatively hedged, that could be an impetus for go-ahead, even if current pricing is weak.

2. "instantaneous SOR's approaching 2.x" at certain wells. We want to see SOR's in the 2.6-2.8 range at the most, eventually? 2Crude can correct me on this.

3. And the whole spiel here, "2P bitumen Reserves and Best Estimate Contingent and Best Estimate Prospective Resources were forecast to generate $13.1 billion of future net revenue, with a 10 percent pre-tax present value of $1.6 billion, after provisions for future capital of $9.2 billion and well abandonment costs of $146 million. Under this scenario, future annual production is forecast by GLJ to peak at approximately 44,000 barrels per day in 2017.

3P bitumen Reserves and High Estimate Contingent and High Estimate Prospective Resources were forecast to generate $18.7 billion of future net revenue, with a 10 percent pre-tax present value of $2.8 billion after provisions for future capital of $12.1 billion and well abandonment costs of $170 million. Under this scenario, future annual production is forecast by GLJ to reach approximately 72,500 barrels per day by 2015 and is forecast to remain at approximately 70,000 barrels of bitumen per day for over 20 years."

50:50:2015?